Since the turn of the millennium, there have been advancements in the digital world. Smartphones came first, followed by Web 2.0 applications that changed the way we see the internet, and now Web3 applications with blockchains as an integral part. With cryptocurrencies and non-fungible tokens already in existence, blockchains continue to provide the potential for newer uses on a daily basis.
Every day, new blockchain-based businesses emerge. However, not all of them are successful, and some are forgotten before they have a chance to stabilize. To address such issues, launchpads for initial dex offerings (IDO) were created.
Let us look at various IDO launchpads and how such a platform can be created in this blog.
What is an IDO Launchpad?
An IDO launchpad is a platform that lists crypto-based projects and serves as a pool of investors. Investors can search for and purchase tokens for tasks of interest. The initial dex offering (IDO) model is used throughout the process.
Model of the Initial DEX Offering (IDO)
The IDO model, a capital raising model in which crypto tokens of a project are launched through a decentralized cryptocurrency exchange, has gained popularity in the aftermath of the problems and scams associated with other crypto-based fundraising models such as ICO and IEO. The model accepts both cryptocurrencies and newer stablecoins designed to mitigate the volatility of cryptos.
While some IDO projects may not be listed on any launchpad because they have sufficient funds and can function independently, success stories from such IDO projects are few and far between. As a new entrepreneur, it is therefore prudent to list your project on an IDO launchpad in order to attract potential investors.
It should be noted that each IDO launchpad is designed for a specific blockchain and thus operates differently. Regardless, prospective investors only look at the whitepaper and tokenomics of the project in which they want to invest.
Characteristics of the IDO Launchpad
An IDO launchpad ensures that projects are able to find the right investors. Such launchpads enable project owners to share their ideas and goals with the larger crypto community.
When a business project is listed in an IDO launchpad, its visibility and reaches increase. Investors can learn more about the project and, if they are interested, invest in it. In a nutshell, an IDO launchpad platform increases the likelihood of a successful crypto business project.
Built-in automated liquidity pools ensure that when investors invest capital in the pool, they can obtain the yields.
What is a Multi-Channel IDO Launchpad?
As previously stated, each launchpad is prepared to work on a blockchain and thus has distinct characteristics. Because newer blockchains are launched every day, it is difficult for project owners and investors to remember the specific characteristics of each blockchain. To address this issue, the concept of a multi-chain IDO launchpad was developed, which includes several features required for the platform to function on multiple blockchains. Essential characteristics such as instant market trading and high liquidity are particularly provided, and the business owner only needs to select the blockchain-based on their requirements. Let’s take a closer look at a few popular IDO launchpads.
BSC IDO Launchpad
The BSC IDO launchpad is an IDO launchpad that runs on the Binance Smart Chain and incorporates all of the chain’s great features. The following are some of the most notable features of this IDO launchpad:
To begin, the BSC launchpad provides an advanced security solution to handle high user traffic while defending and protecting the portal from malicious threats.
To facilitate token distribution and investment, the IDO launchpad would also include a Web3 wallet that supports multiple cryptos and stable coins.
Because it is equipped with a highly effective and responsive back-end system, the launchpad portal would function almost flawlessly under any circumstances.
Such a launchpad provides its launchers (project owners) with customizable portfolios that can be edited to meet their specific needs, as well as additional features.
Other features that complement the BSC IDO launchpad include an integrated KYC (Know Your Customer) portal, token listing, immediate trading, and instant liquidity.
IDO Cardano Launchpad
This IDO launchpad, which runs on the Cardano blockchain, has the efficiency factor for which Cardano is well known. The following are some notable features of the Cardano IDO launchpad:
The roadmap for the project that is providing the IDO would be listed in the corner of the IDO’s page in the launchpad portal. Prospective investors can make an informed decision before investing in the project’s IDO tokens as a result of this.
Unlike other portals, a potential investor can download and read the whitepaper of any business that offers an IDO in the Cardano chain offline. This is a fantastic feature because, in some cases, reading the entire whitepaper can be eye-opening for investors.
A Cardano launchpad can list its IDO tokens on a popular decentralized exchange, exposing the token to the wider crypto community and increasing capital.
A Cardano-based IDO launchpad also includes a verified listing feature, the inclusion of multiple crypto and stable coin wallets, and real-time security surveillance features to ensure the safety of users’ data and transactions.
IDO Launchpad on Ethereum
Ethereum, as one of the first and most widely used blockchains in the crypto world, also hosts a wide range of IDO launchpads. The Polygon, their layer two protocol, ensures greater efficiency in the Ethereum environment. Some of the features of the IDO launchpad based on Ethereum are highlighted in the points below.
A reputable Web3 crypto wallet will be hosted on such a launchpad platform for transactions and token acquisitions, ensuring a secure and convenient user experience.
An IDO launchpad on Ethereum can enable business owners to tailor their portfolios to their specific requirements.
The IDO launchpad, like the Ethereum blockchain, will be protected by advanced security features that can defend against and mitigate threats to keep the portal safe.
Investors can hold and trade their investments immediately because the IDO is listed on a decentralized exchange (DEX) with high liquidity.
IDO Launchpad Polkadot
Polkadot is a blockchain with a user base that focuses on affordability, sustainability, and regular upgrades. Let’s take a look at some of the key characteristics of a launchpad built on the Polkadot chain.
The IDO launchpad can provide immediate liquidity for its tokens, which will benefit investors and position it as the preferred platform as time passes.
A launchpad platform like this one provides stability for its IDO tokens by limiting the flow of investments (Fixed Swap).
A Polkadot launchpad can provide business owners with the ability to easily raise capital on the same chain while maintaining transparency.
Token listing on such a launchpad will be a feasible solution that does not jeopardize functional efficiency or security.
Multi-chain IDO launchpads like the ones mentioned above are here to stay and will dominate fundraising campaigns for future crypto and even real-world projects. Such a platform ensures a broader reach, attracting investors from all over the world. So, starting an IDO launchpad with a Launchpad Development Company is a good idea as they can work on multiple blockchains and catch on quickly.